CBN Calls for Greater Policy Coordination to Support Economi

CBN Calls for Greater Policy Coordination to Support Economic Recovery


Obinna Chima
The Central Bank of Nigeria (CBN) has called for greater policy coordination and synchronisation of efforts to enhance economic growth in the country.
The Deputy Governor, Operations Directorate, CBN, Mr. Edward Adamu, made this call in his personal statement at the January 2020 Monetary Policy Committee Meeting, a copy of which was obtained at the weekend.
“To be clear, I view policy coordination across economic management institutions at the federal level as essential as response coordination across the tiers of government,” he said.
In his contribution, Adamu, stated that data presented highlighted some important downside risks, which included insecurity and rising inflation, especially food. Among other consequences, he pointed out that inflation beyond a certain threshold could undermine the output recovery gains.

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